hsbc-offers-investors-greater-access-to-saudi-arabia

HSBC offers investors greater access to Saudi Arabia

The bank launches new Saudi indices, funds and access products.
HSBC Corporate, Investment Banking and Markets CIBM global research has launched two new indices to help investors wade their way through the Saudi Arabian equities market.

The bank launched HSBC Saudi Equity Index as a way to benchmark the returns generated by the Saudi equity market. And it has kicked off a tailored sector index, based on Saudi Petrochemical stocks, called the HSBC Saudi Petrochemical Equity Index. Both indices will be reviewed quarterly.

The Saudi Index is comprised of 36 liquid stocks representative of the market capitalisation of the broad range of economic sectors in Saudi. The composite companies reflect the breadth and diversity found in the Saudi stock market, from banks to bookstores, from...
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